LONDON: Smiths Group plc has entered into an agreement for the sale of Smiths Interconnect to Molex Electronic Technologies Holdings, LLC . The transaction values Smiths Interconnect at an enterprise value of £1.3bn, representing 15.1x headline EBITDA of £86.1m for the fiscal year 2025. Smiths will receive cash consideration for the transaction which is subject to customary adjustments…
Category: London Stock Exchange
News and updates from London Stock Exchange
Vodafone Türkiye secures 100 MHz in 5G spectrum auction for $627 million
ANKARA: Vodafone Türkiye has acquired 100 megahertz of spectrum in a government-run 5G auction Thursday, committing $627 million (€539 million) to bolster its next-generation mobile services. The auction, conducted by the Information and Communication Technologies Authority (ICTA), awarded Vodafone Türkiye 2 x 10 MHz in the 700 MHz band and 80 MHz in the 3.5…
Workspace Group occupancy dips to 80% in second quarter amid strategic overhaul
LONDON: British flexible office provider Workspace Group PLC (WKP.L) share declined over 3.0% as the company reported a dip in occupancy for its second quarter, as it grapples with a strategic shift to streamline its portfolio and operations in a challenging commercial property market. The London-focused firm said on Thursday that like-for-like occupancy fell to…
Whitbread holds firm on profit goals despite dip, plans £2 billion shareholder return
LONDON: British hotel group Whitbread Plc on Thursday reported a dip in first-half profit, pressured by a softer German market and the restructuring of its food and beverage operations, but reaffirmed its ambitious five-year plan to boost profitability and return £2 billion to shareholders by 2030. The owner of the Premier Inn chain said adjusted profit…
CLS Holdings leases 14,700 sqm at Gotic Haus, Dortmund
LONDON: CLS Holdings plc (CLS.L) said on Tuesday it has signed an eight-year, index-linked lease for 14,700 square metres of office space at its Gotic Haus property in Dortmund, Germany, with a government department. The lease for the space, equivalent to 158,230 square feet and including 290 parking spaces, is scheduled to commence on September…
IG Group has sold Small Exchange Inc to Payward Inc for $100 million
LONDON: IG Group Holdings plc has completed the sale of Small Exchange Inc to Payward Inc (“Payward”), the parent company of the crypto exchange Kraken. The transaction values Small Exchange at $100.0m (£74.9m), with the consideration comprising $32.5m (£24.3m) in cash and $67.5m (£50.6m) in Payward stock. The sale results in a post-tax gain of…
Oakley Capital agrees sale of atHome
LONDON: Oakley Capital Fund III has reached an agreement to sell its stake in atHome, which operates Luxembourg’s leading property and automotive marketplaces. Oakley Capital, a leading pan-European mid-market private equity investor, is pleased to announce the sale of its stake in atHome to Apax Partners. Following completion of the transaction, Fund III will have…
GB Group has acquired DataTools Pty Ltd FOR AUD 16 million
LONDON: GB Group (GBG), a global identity technology business enabling safe and rewarding digital lives, has acquired DataTools Pty Ltd (“DataTools”), a leading provider of address validation and data quality solutions in Australia and New Zealand. This bolt-on acquisition adds scale where GBG is already enjoying strong growth, deepening our existing address verification presence…
Pennpetro signs heads of terms to acquire Ukrainian oil and gas licence
LONDON: Pennpetro Energy Plc (LSE: PPP), a UK-based energy company focused on strategic energy projects, announced Wednesday it has signed Heads of Terms to acquire 100% of the Limnytskyi oil and gas exploration licence in western Ukraine. The acquisition will be made through a newly incorporated Polish holding company. The Limnytskyi licence spans 172 square…
Oakley Capital invests in premium padel equipment brand NOX
LONDON: Oakley Capital, a leading pan-European mid-market private equity investor, announced that Oakley Origin Fund II is investing in NOX, a premium padel equipment brand. Oakley is partnering with founder Jesús Ballvé and GPF Partners, who together will retain a significant minority stake in the business. Founded in 2008 in Barcelona, Spain, NOX has become…
Hercules plc has acquired Lyons Power Services
LONDON: Hercules plc (AIM: HERC), a leading technology-enabled labour supply company for the UK infrastructure and construction sectors, has acquired a 70% shareholding in Warrington-based Lyons Power Services Ltd , a specialist UK and overseas provider of power and energy infrastructure services. The transaction is for a total consideration of £702,800 to be satisfied half…
MyHealthChecked agrees to sell Concepta Diagnostics Limited for £2.375 million
LONDON: MyHealthChecked PLC (AIM: MHC), the consumer home-testing healthcare company, announced that it has agreed the conditional sale of the Group’s trading subsidiary Concepta Diagnostics Limited to Boots UK Limited for a total consideration of £2.375 million. Concepta distributes and commercialises a range of at-home healthcare and wellness tests and has developed an accompanying proprietary…